Morningstar touts industrial distributors but issues cautionary note

Nov. 5, 2010
Morningstar likes increases in share prices over the last year of industrial distributors like W.W.Grainger (GWW) (+32%); at Fastenal (FAST) (+51%); at MSC Industrial (MSM) (+33%); at Anixter (AXE) (+34%); and 73% at WESCO (WCC) (+73%), but said share ...

Morningstar likes increases in share prices over the last year of industrial distributors like W.W.Grainger (GWW) (+32%); at Fastenal (FAST) (+51%); at MSC Industrial (MSM) (+33%); at Anixter (AXE) (+34%); and 73% at WESCO (WCC) (+73%), but said share prices of some companies may be "near or beyond our fair value estimates." Details